How does one explain yesterday

2022-11-25

How does one explain yesterday's remarkably strong APE volume at 46.3 million shares on a day which is historically a total yawn in light of the holiday? Normally, that kind of volume would produce a green close unless there was a negative news event. There is actually a very plausible explanation. Citigroup was releasing freshly minted APE units, and my guess is they released at least 20 million of them, or nearly half the daily volume. It is difficult for APE to rise when a steady supply of new shares is always prepared to enter the market. This is Econ 101--supply and demand curves. $AMC Entertainment(AMC)$ $AMC Entertainment Preferred(APE)$

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Comments

Trading Guru
2022-11-30
Trading Guru
hype is over. all still dreaming and mentioning apes strong. wannabe apes only still dream it will be a profitable stocks.
WanEH
2022-11-26
WanEH
ape and AMC what different?
- Trading Guru:
  1 is not even worth a penny and other are going down trapped alot who fomo n think will go to 500k/shares. ouch too smart to be fool by the whales and whales ran off with profit while many baghold
neosg
2022-11-26
neosg
stay strong apes
GREEDisGOOD
2022-11-25
GREEDisGOOD
thanks for sharing
Cory2
2022-11-25
Cory2
I know right? I think it was the Fed minutes?
Bel8680
2022-11-28
Bel8680
👍👍👍

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